James Speed - MF Bancorp Independent Director

Mr. James Herbert Speed, Jr. is an Independent Director of MF Bancorp, Inc. and the Bank since 2009. He has served on a variety of committees of both the Corporation and the Bank, and presently serves as Chairman of the Compensation Committee. Mr. Speed is a certified public accountant, with over 30 years accounting experience. Mr. Speed was President and Chief Executive Officer of NC Mutual since 2004, and before that served as Chief Financial Officer of NC Mutual. Prior to joining NC Mutual, Mr. Speed was employed by Hardees Food Systems, Inc. as Senior Vice President, Chief Financial Officer and Treasurer between 1997 and 2000, as Senior Vice President and Controller between 1995 and 1997, and as Vice President and Controller between 1991 and 1994. Prior to joining Hardees, Mr. Speed spent 12 years with Deloitte Touche, where he was a partnercandidate at his departure in 1991. He is a graduate of the Directors College. He earned a BS degree in Accounting from North Carolina Central University, and a Masters in Business Administration from Atlanta University. He is a graduate of The IMASCO Limited Senior Management Development Program at McGill University, Quebec, Canada. He serves on the boards of NC Mutual, UNC Healthcare System Inc., Brown Capital Management Mutual Funds, Carolina Motor Club, Inc., Hillman Capital Management Investment Trust, Tilson Investment Trust, Starboard Investment Trust and Investors Title Company. Mr. Speed also serves on the board of the North Carolina Community Development Initiative, Central Children Home of North Carolina and the Board of Visitors of the North Carolina Central University School of Business since 2009.